CTS CEO to Lead BoardPosted: Updated:
Elkhart-based CTS Corp. (NYSE: CTS) has named Chief Executive Officer Kieran O'Sullivan chairman of the board. O'Sullivan has led the automotive supplier since 2012.
February 12, 2014
Elkhart, Ind. -- CTS Corporation (NYSE: CTS) today announced the following:
The Board of Directors for CTS Corporation announced the appointment of Kieran O'Sullivan to the role of Chairman of the Board effective after CTS' Annual Shareholders meeting on May 21, 2014.
O'Sullivan, who was named President and CEO of CTS Corporation in November 2012, will succeed Chairman Thomas G. Cody, an independent director. Cody, who has acted as Chairman since May 22nd, 2013, will assume the role of Lead Independent Director at the 2014 Shareholders meeting.
Mr. Cody said, "Under Kieran's leadership, CTS has developed a clear, three-pronged strategic plan to simplify its business model by divesting the non-core EMS segment and rationalizing CTS' footprint, to focus on strengthening our core Components and Sensors business, and to drive profitable growth." "As part of this strategy, Kieran has also strengthened our leadership team and is transitioning the business for future growth," Cody added.
O'Sullivan, 51, has over twenty-five years of executive leadership experience in high-growth, technology companies. Previously, O’Sullivan was Executive Vice President of Continental AG's Global Infotainment and Connectivity Business, and led Continental’s NAFTA Interiors Division, having joined Continental as part of its 2006 acquisition of Motorola’s Automotive Electronics Business. Prior to Continental, O’Sullivan served in various senior management roles at Motorola, Inc. since 1990, including the head of the Interior Electronics Business Unit and General Manager and co-leader of Motorola’s automotive business.
"I am pleased to accept the additional responsibility of CTS' board chair this May. It is a privilege to work with such an engaged, experienced board and serve our constituents as we continue to implement our strategy and growth initiatives," stated O'Sullivan.
CTS is a leading designer and manufacturer of electronic components and sensors to OEMs in the automotive, communications, medical, defense and aerospace, industrial and computer markets. CTS manufactures products in North America, Europe and Asia. CTS' stock is traded on the NYSE under the ticker symbol "CTS."
Source: CTS Corp.